Bank Info Security – Michael Novinson
The Mountain View, California-based semiconductor and application security testing vendor says its proposed acquisition of San Jose, California-based WhiteHat will provide continuous security testing for hundreds or thousands of applications on live websites in a production-safe manner, according to Jason Schmitt, general manager of the Synopsys Software Integrity Group.
The $330 million transaction is expected to close in the fiscal quarter ending July 31 and be roughly neutral to Synopsys’ non-GAAP earnings per share in the fiscal year ending Oct. 31. Synopsys’ stock remains unchanged at $287.03 per share in after-hours trading Wednesday (see: Synopsys, Checkmarx Top Gartner MQ for App Security Testing).
Schmitt expects many WhiteHat customers will adopt Synopsys’ Coverity static application security testing and Black Duck software composition analysis offerings so that they can source all of their application security products from a single vendor. WhiteHat customers will also benefit from Synopsys’ global presence and investments in support, sales, customer success and service delivery, Schmitt says.
Link: https://www.bankinfosecurity.in/synopsys-to-buy-whitehat-security-for-330m-to-protect-apps-a-18980